Name: Orange starts bank, Wealthfront starts lending, Direct mail, Talking to investor
Start: 2017-04-24T11:30:00Z
End: 2017-04-24T12:04:37.000Z
Location: BrightTALK
Rating: 0

Main source of news and coverage for the b2b aspects of the peer-to-peer (p2p), marketplace and the alternative lending market

Today, documents are vital to revenue particularly in financial services, where a document tied to a financial instrument (e.g., mortgage, automobile loan, equipment lease) is recognized as an asset. Analog processes can slow down an enterprise and put them at a competitive disadvantage. The good news is that the financial services industry is shifting from paper files to digital assets for their contract-intensive lending applications. Join Jim Lundy, CEO and Lead Analyst at Aragon Research and Rahim Kaba, Director of Global Product Marketing at OneSpan to learn how to manage and protect assets for loans, leasing, and mortgages – from e-signature all the way through to vaulting and securitization. Key topics to be covered:

·         The impact of digital on B2B/B2C lending and mortgage

·         Adopting a fully digital, end-to-end asset management process – pre- and post-signature

·         Best practices for managing and protecting digital assets in a vault

·         Security, legal and compliance considerations

·         The future: impact of blockchain and smart contracts on digital lending

The Race to Digital: Three Trends Driving Digital Lending and Asset Management

The explosive adoption of the digital channels is changing the nature of lending. Consumers are coming to expect the kind of convenience and speed that a digital experience can deliver and lenders are increasingly looking to oblige. While many of the benefits to consumers of digital lending are clear, there are some complications related to fraud that arise when lending goes digital. In order to take advantage of these limitations and vulnerabilities, today’s fraudsters rely on a diversified playbook of schemes and techniques to commit loan fraud in digital channels, and they are becoming increasingly successful.

This upcoming webinar will be moderated by Lending Times and sponsored by Mitek, and features guest speaker Al Pascual, Senior Vice President and Research Director at Javelin Strategy & Research. Attend this webinar and be one of the first recipients of the 2017 Digital Lending Fraud Report from Javelin, exploring how issues in digital lending have unfolded and the steps that lenders must take to effectively resist the growing epidemic of digital lending fraud.

Key takeaways:
 Address factors in today's lending environment
that have created a favorable environment for fraudsters.
 How different types of loans are being affected by fraud in digital channels.
 Techniques used by fraudsters to commit digital lending fraud, including synthetic
identities, volumetric attacks, and device spoofing.
 Next steps lenders can take to optimize their lending fraud mitigation process.

2017 Digital Lending Fraud Report

George & Ryan Interview Patrick Swisher of Mitek, and talk about new in the French lending industry, and about a ICO from China.

[Podcast] Interview w/ Mitek, French News, Chinese ICO

Ryan and George interview Bryan Sullivan of loanDepot about the US home loan market. Then, we talk about Bitcoin's rise, Cryptocurrency mining, and the Hacking of Lending Times' website.

[Podcast] Episode 50! We got hacked + Interview w/ loanDepot CFO, Bitcoin.

George & Ryan Talk about 6 articles:

FT Partners’ CEO Monthly Alternative Lending Market Analysis
SoFi’s CEO Hiatus Stalls Its Big-Time Banking Ambitions
Orchard’s Online Lending Ecosystem Update: “Lendscape”
PayPal A Buyer, Not Seller, And May Seek A Big Target
Why Square Is Entering the Bank Business
Betterment is now valued at $ 1 billion in private market trading

[Podcast] Square, Betterment at 1 Billion & ICOs, Lending Ecosystem

After a few weeks of vacation, We discussed 6 articles this week:

Goldman Banks on Lending to Grow
OneMain Deal Analysis
Institutional Buyers and Loan Originators with New Opportunities in Private Credit
Today In Data: SoFi’s Woes
SoFi Condoned ‘Rampant Sexual Activity,’ Lawsuit Allege

[Podcast] Goldman will lend, Sofi will endure, & Private Credit

In the sub-prime lending market, speed-to-close determines market share. Join us to learn how an end-to-end digital process with e-signatures transformed OneMain’s lending business – positioning the lender as the largest personal loan company in the U.S. Today,99% of OneMain’s loans are e-signed, enabling them to be closed and funded significantly faster than on paper.
 
In this 60-minute presentation, you’ll learn how the company took a phased approach and implemented e-signatures in the call center and online channels, then expanded to the branch network. This year, OneMain will complete its e-signature roll-out to 1,700 branches, where the majority of its loans are transacted.

Our speakers will share firsthand insights and advice on topics like:
 
·        Top e-signature requirements, such as security, deployment, scalability
·        Best practices for preparing a national roll-out – including working with regulators on a state-by-state basis
·        Designing optimal workflows for remote vs. in-branch transactions
·        Preparing the branch network for e-signature

Presenters:         David Smith, Vice President, Application Systems, OneMain
                                Philip Hannah, Director of IT, OneMain
                                Mary Ellen Power, VP Marketing, eSignLive by
VASCO

E-Signatures & Digital Lending: How to Move 99% of Customers off Paper

George & Ryan Talk about 5 articles: 

DBRS Student Loan ABS report
Goldman Sachs is looking to spinoff one of its tech bets at a $ 75 million valuation
The State Of Consumers And Technology: Benchmark 2017, US
SoFi loses another senior executive, as chief revenue officer Michael Tannenbaum departs
SoFi CEO: Why Ethereum Is Much More Valuable Than Bitcoin

[Podcast] Ethereum, Goldman’s SIMON, 2 x Sofi news and Consumers & Tech

George & Ryan talk about popular news articles; 

The Fastest Consumer Lenders to $ 1 Billion in Originations
Ron Suber, Prosper President and Industry Legend, Stepping Down
Six months after acquisition, SoFi is shutting down Zenbanx
Bloomberg Report is Critical of Online Lenders
Summer Fintech Reading Ideas

[Podcast] Fastest Consumer Lender, Prosper President, SoFi shuts Zenbanx, Blockc

Why Banks Are Going To Survive
Amazon Has Secretly Become a Giant Bank
FinTech company SoFi to add 400 Delaware workers by 2018
Latest PeerIQ Loan Performance Monitor
+ 2 events

[Podcast]Amazon’s Bank, Loan Performance, SoFi adds 400, Platformitisation

George & Ryan talk about news & analysis from Lending Times, including: 

Behind the Scenes at Orchard Platform, a Struggle to Innovate
Fitch Rates Prosper Marketplace Issuance Trust, Series 2017-1
RateSetter decides not to lend to George Banco’s customers
Goldman Sachs boost rates for savers in bid to attract deposits
FinTech Alternatives to Short-Term Small-Dollar Credit — Helping Low-Income Working Families Escape the High-Cost Lending Trap

Two events are also discussed: 
Event: Reg A+ Crowdfunding Conference
Meetup: Risks and emerging solutions for investor confidence in online lending

[Podcast] Goldman boosts rates, Orchard’s innovation, Ratesetter’s decision

Interview with Peter Aquart of American Wealth Builders
Take-aways from May 25 Webinar
LendingClub Celebrates Ten Years of Online Lending
Yirendai Reports First Quarter 2017 Financial Results
C&I Loans: Are We Headed For a Recession?

[Podcast] Interview, LendingClub's 10 Years, Yirendai Results, Risk of Recession

In today’s digital and mobile-first world, being able to seamlessly originate a loan is key for any organization looking to cut costs and increase top line revenue while meeting ever-stricter regulations. Additionally, the shift to digital lending has fraud rates skyrocketing.

On the panel we will discuss:

* Value prop of moving to digital channel – how to reduce costs and improve number of completed loans.
* How do these latest automations fit with the latest financial institution’s compliance needs?
* The latest advances in process automation for digital lenders.
·         For example, mobile capture for:
o    Data pre-fill
o    Identity verification
o    Submission of trailing documents
* What is possible today, what is coming soon, and what is unlikely to be possible.

Presenters:
Panel of 3 industry experts:
Steve Craig, Director of Products & Experience - Identity @ Mitek 
Bill Nass, President and co-founder @ TCI Credit
Jami Schwartz, Head of Content and Marketing Tech @ Kabbage

Moderator:
George Popescu, Editor in Chief, Lending Times

Latest Advances in Process-Automation for Digital Lenders

George & Ryan talk about:

Legislative Update 158 (Experian Email), Rated: AAA
Sofi plans to apply for a bank charter in the next month - Industrial loan company. 
SoFi President Nino Fanlo to Leave Firm for Biotech Startup
The Future of Lending is Now with Latest TransUnion Prama Offerings
American Households Return To Peak Debt, Thanks To Booming Student Loans
Consumers Place Personal Loans Atop the Credit Mountain

[Podcast] SoFI’s New Bank and Old President, Household debt highs & Personal Loa

George & Ryan Talk about: 

Bitcoin & significance of Wannacry ransom
Auto loan news
Zopa receives FCA approval 
New York sues OCC
Sofi Bank Charter
OnDeck results
Webinar on 25th

[Podcast] Bitcoin’s Wannacry Significance, Auto Loans Decline, Zopa FCA

George & Ryan talk about: 

Webinar on May 25th
Psychometric credit scoring for the developing world. 
Portrait of a marketplace lending investor
Credit trends seen through delinquency rates
The OCC Fintech Charter
And details on the 2017 Bond-market Rally.

[Podcast] Webinar on Process Automation, Psychometrics, and OCC Fintech Charter

Ryan & George talk about; 
New: 
FICO
Lending robot
Future of digital banking? 
2017 wave of lending fintech

Events:
New York on April 17New Panel Speaker: Jeff Zinn 
LendIt China: LTIMES17LDF

    

Quora questions: 
Should I invest $50,000 in LendingClub, rather than let it sit in a bank account at 0.90% interest?
How does a bank or lending company decide what is your interest rate?

[Podcast] Fico’s & Digital Banking’s future, Pricing psychology, Events & Quora

George & Ryan talk about articles including: 

Transparency remains a sticking point for online lenders.
A Comparison of Funding & Liquidity Sources.
Wealthfront to lend money. 
Getting the Most From Investor Calls.
The Future of Financing and Vehicle Purchases.
Why the Buzz Around Fintech Does Not Stop.
Common Direct Mail Marketing Mistakes.

Orange starts bank, Wealthfront starts lending, Direct mail, Talking to investor

Online lending

marketplace lending

p2p lending

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Orange starts bank, Wealthfront starts lending, Direct mail, Talking to investor

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